FSCS will consider Arch Cru claimaints that shunned redress scheme

The scheme - which would only consider claims brought against advisory firms that have defaulted - clarified its previously vague stance on the issue, saying any claim would be assessed on its merits, including why the investor decided not to pursue their claim through the redress scheme. The consumer redress scheme was set up by the regulator to compensate investors who were found to have been mis-sold Arch Cru investments by their advisers. Under the scheme, advisers had to ask their clients whether they wanted their case reviewed, and if found to have given bad advice, had to put i...